hastalavista
Elite Member
- Joined
- May 16, 2005
- Professional Status
- Certified General Appraiser
- State
- California
Mark-
Looks good to me.
FWIW, on my Desktop, my intended use is not "to make a lending decision". I go into a little more detail (perhaps more than I need), but I want it to be clear what the intended use is and isn't:
Looks good to me.
FWIW, on my Desktop, my intended use is not "to make a lending decision". I go into a little more detail (perhaps more than I need), but I want it to be clear what the intended use is and isn't:
Intended Use: The intended use of this assignment is to provide the client with an opinion of value for a residential property. This opinion will be used in conjunction with analyzing the subject property’s mortgage finance application. This analysis (conducted by the client) is intended to determine if the subject qualifies for a mortgage finance (refinance or purchase) transaction. The intended use of the results of this assignment is not to determine the Market Value of the subject for the Lending Decision. The intended use of the results of this assignment is to determine if a mortgage finance application should be pursued.
An affirmative conclusion by the client to proceed with a mortgage finance transaction based on the results of this assignment ends this assignment’s intended use. A separate and distinctly different appraisal is required to conclude an Opinion of Market Value that would be appropriate for consideration in the Lending Decision.